A bank loaned out $18,000, part of it at the rate of 9% per year and the rest at 19% per year. If the interest received in one

Question

3 years ago

6

year totaled $3000, how much was loaned at 9%
How much of the $18,000 did the bank loan out at 9%?

1 answer:

Galina-37 [17] · Answer 1 · 2022-10-13T06:28:35+03:00

4 0

X * 0.09 + (18000-x)*0.19= 3000
x*(-0.1) + 3420 = 3000
x = -420/(-0.1)
x = 4200

The bank loaned out $4,200 at 9%

A bank loaned out ​$18,000​, part of it at the rate of 9% per year and the rest at 19% per year. If the interest received in one